The Birth of Shanghai's First Conglomerate

Chapter 689 Major Industry Investment

23 October.

Tengying Group has largely completed its major industrial investments in the technology sector.

This includes new energy vehicle manufacturing, mobile phones, solid-state batteries, and AI.

The four major sectors are being developed independently, yet they also support each other.

It is foreseeable that within another five years, Tengying Group will definitely become the largest private technology giant in China.

There are only two or three companies ahead of him, such as Huawei and DJI.

Once he completes the further research and development of solid-state batteries, Tengfei New Energy Vehicles will surely have a place in the global market.

If Tengfei AI develops further, it's only a matter of time before his Tengfei phone breaks into the top five in the global mobile phone industry.

With the combined efforts of the four major sectors, Tencent Group will undoubtedly become a leading technology giant in China by 2030.

As for the world-class Tengying cruise ship that he customized and manufactured himself, he also spent eight billion as a deposit.

The total investment is as high as 380 billion yuan, and it will take five years to complete production.

Six billion will be paid for this every year, and the goods can be received after five years.

The project between the two mountains is intended to be developed into the most luxurious super six-star hotel in China, serving as the first five-star tourist eco-park for the Tengying Group.

For this purpose, 10 billion yuan was paid as initial development funds, with the total investment being approximately 30 billion yuan.

The remaining money this year, plus the profits his wife had, was completely spent on these two sums of money.

Over the next five years, he will have to pay around 10 billion yuan annually, plus the donations he promised, which adds up to 20 billion yuan.

These are all fixed expenses, and they're unavoidable.

Fortunately, his current investment scheme is stable and will not undergo major changes.

There is no risk involved.

"Uncle, Bank Manager Liu and his team hope you can lend them 30 to 50 billion yuan to help them meet their loan quota for this year."

Xiao Le and her sister Xiao Ya are both very successful at Kingsoft, which is inseparable from their ever-increasing investment amounts.

Tencent Group's influence in Kingsoft is growing.

It's quite easy to lift up two people who are already part of the system.

Unlike other banks, after the real estate industry collapsed, banks here have struggled to meet their annual loan quotas.

Chen Pingsheng is someone who absolutely refuses to take out loans, so if you want him to borrow money from a bank, you can only ask Xiao Le and Xiao Ya to ask him.

That makes it somewhat possible; otherwise, why would he let you earn interest?
He could borrow hundreds of billions from anywhere if he were willing to ask.

It's only those who are broke who have trouble borrowing money; for those who are rich, people are always eager to give them money.

This is the difference.

"I don't need to borrow money. I'm not at the point where I need to borrow money from your uncle."

Alright... Even though he already knew the answer, Xiao Le was still quite proud.

"Uncle, are you sure you don't want to attend the Jinshan Entrepreneurs Conference organized at the end of the year?"

"There's no need. If I go this time, there will be endless meetings. I might as well not go to any of them."

After Xiao Le left, Chen Pingsheng called his older sister Chen Yao over, intending to introduce Xiao Le to two potential blind dates.

He is very cautious in choosing a marriage partner, and will determine whether it is worthwhile from various aspects.

A person's character determines how far they can go.

Whether Xiao Le likes it or not is not really important; many feelings develop gradually over time.

In ancient times, marriages were arranged by parents and matchmakers.

We hadn't met most of them before we got married.

Once he's chosen someone suitable, they can probably arrange a meeting, which would be a great joy for the family. As for the other big event, it's probably that his mistress, Chen Lu, got into another fight.

Whether you call him a fighter or not, this time he was completely on the defensive and taking the beating.

All those action movies I watched as a kid were basically a waste of time.

He remains very honest by nature, which worries his mother, Yanxi, who fears that with his personality, it will be difficult for him to inherit the family's technology business when he grows up.

When his mistress gets beaten, Su Xiaoxi used to stand up for him, but now it's his sister Erpiya who does it.

The idea of ​​bullying the weak doesn't exist in Erpiya's eyes. If I can beat you, I'll immediately suppress you and beat you. If I can't beat you, and you dare to lay a hand on me, I'll call the big boss.

Erpiya has been particularly good at bullying her younger brother since she was little, and she is also extremely protective of him.

She doesn't ask why she's fighting; she'll fight back against whoever hits her brother.

The little girl is already in sixth grade, but she doesn't know her own strength and hit the little guy so hard that he squatted on the ground and cried loudly.

This little one is also a rich kid, just not as obviously rich. When her mother saw Erpiya's entourage, she didn't dare to say a word.

She grabbed the little one at home and was about to apologize, but Song Yanxi was reasonable. After asking for the reason, she took the initiative to apologize.

It was just two kids fooling around.

What she was really worried about was Chen Lu's timid nature.

"Er Ya, your brother is so timid, is there any way to cure him?"

Erpiya hasn't changed at all since she grew up; she's exactly the same as she was when she was little.

The more you go down the path of fearing death, the further you go down the path of becoming rich.

"Does this even need treatment? A couple of beatings will do the trick."

"Your mom never had the heart to hit you when you were a child, so how could she bear to hit your younger brother now!"

Erpiya stopped talking; if she continued, she'd probably be digging her own grave.

After they all got home, Song Yanxi tried to embolden the mistress Chen Lu, but it was no use.

It's as if he was born to be this way and could only be this way.

When Chen Pingsheng returned, the family was still discussing the future education of his mistress.

Chen Lu is already seven years old. Time really flies. In a few more years, he will be in junior high school just like his sister.

With his looks and qualifications, he can find any woman he wants if he wants to.

There will absolutely be no mistakes, unless he is really too honest.

Let's wait until next year. Starting next summer vacation, Chen Pingsheng will probably have to set aside time specifically to take care of him.

We can't keep being so obedient forever.

Time flies, and before we knew it, it was mid-November.

The film industry took decades to grow to tens of billions in box office revenue, while short dramas achieved that in just a few years.

In a few years, it may even surpass the 100 billion mark, a figure that even the film industry cannot achieve.

It can only be said that the film and television industries have been declining in recent years, far less interesting than the Jin Yong martial arts novels and the investment works of coal bosses in the past.

That's just how this industry is; with traffic taking precedence, quality has declined drastically.

Over time, it will naturally be eliminated.

It can be considered a market phenomenon of survival of the fittest.

Chen Pingsheng didn't pay much attention to this area, mainly because the market was too small. The entertainment industry has always been talking about nothing more than having a lot of beautiful women.

Let's not talk about the rest.

After so many years, there has been no progress and instead, there has been continuous regression. It's hard not to be eliminated!

(End of this chapter)